Tenant screening is a vital tool for landlords and property managers. Keep reading to learn more about tenant screening, from a basic definition to the reasons why this type of screening is so important.
What Is Tenant Screening?
Just like background screening is the process of evaluating prospective employees, tenant screening consists in evaluating prospective tenants.
Tenant screening provides the financial and personal information landlords need to limit their risks and make more accurate decisions.
The past history of a person can tell you a lot about what you can expect from them as tenants. Some of the information that a tenant screening report may reveal include:
- Credit reports
- Criminal background checks
- Employment verifications
- Eviction checks
- Verification of past addresses
Like any other type of screening, this type of screening must adhere to strict regulations. That’s why is crucial to partner with a company that is able to offer both the most advanced screening technology and scrupulous compliance with all applicable legislation.
Why Is Tenant Screening Important?
Information is power, and renting properties is no exception to this rule. Screening empowers property owners and property managers to identify the best tenants by providing an accurate picture of every applicant’s past history.
Some of the benefits of using tenant screening include:
- Ensure that potential tenants are able to make rent payments on time
- Safeguard properties
- Offer increased security to other tenants
- Minimize legal and turnover costs
- Reduce collection expenses
- Avoid evictions
Being a landlord or project management is a full-time job filled with challenges and potential setbacks. However, choosing the right tenants goes a long way toward eliminating many of these hurdles. Tenant screening is a smart way to simplify things and protect your bottom line.
Looking for Background Screening Services? Plexus Global Is Here to Help
At Plexus Global we ensure global candidate screening through tailored solutions and the most advanced technology that complies with all applicable legislation.
We are located in Riverside, California, and we serve companies all over the U.S. and abroad. Contact us today by telephone (844-516-1008), email (email@example.com), or through our social media accounts on Facebook, Twitter, and LinkedIn.